LKQ Corporation (LKQ)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,906,000 | 5,145,000 | 5,085,000 | 5,202,000 | 4,868,000 | 5,286,000 | 6,156,000 | 4,623,000 | 4,258,000 | 4,202,000 | 4,331,000 | 4,682,000 | 4,254,370 | 4,259,400 | 4,168,530 | 4,453,950 | 4,034,030 | 4,102,510 | 4,106,970 | 4,442,660 |
| Total current liabilities | US$ in thousands | 2,862,000 | 2,990,000 | 2,904,000 | 3,059,000 | 3,318,000 | 3,559,000 | 3,028,000 | 2,412,000 | 2,271,000 | 2,351,000 | 2,485,000 | 2,495,000 | 2,165,450 | 2,322,260 | 2,278,160 | 2,436,630 | 1,988,490 | 1,926,500 | 1,949,770 | 1,938,970 |
| Current ratio | 1.71 | 1.72 | 1.75 | 1.70 | 1.47 | 1.49 | 2.03 | 1.92 | 1.87 | 1.79 | 1.74 | 1.88 | 1.96 | 1.83 | 1.83 | 1.83 | 2.03 | 2.13 | 2.11 | 2.29 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,906,000K ÷ $2,862,000K
= 1.71
The current ratio of LKQ Corporation has shown some fluctuations over the past few years, starting at 2.29 as of March 31, 2020, and decreasing to 1.83 as of March 31, 2021. From there, the current ratio remained relatively stable around 1.8 to 2.0 until dropping to 1.49 as of September 30, 2023, and further declining to 1.47 by December 31, 2023.
Subsequently, the current ratio slightly recovered to 1.70 as of March 31, 2024, and continued to improve reaching 1.75 as of June 30, 2024. However, it decreased slightly to 1.72 by September 30, 2024, and remained at 1.71 as of December 31, 2024.
Overall, the current ratio of LKQ Corporation has shown some variability, indicating changes in the company's liquidity position over time. It is important to monitor this ratio to assess the company's ability to meet its short-term obligations with its current assets.